SUMMARY

The year 2016 has witnessed dramatic changes upon China coal industry: the State Council issued opinions to resolve overcapacity, followed by provincial mandate for exercising 276 workdays among all coal mines. Such intensified effort has tightened domestic coal supply, triggered soaring prices after a 4-year consecutive decline and also boosted imports. But recently, the NDRC gave permit to more qualified mines to resume 330 workdays for securing supply in heating season and stabilizing prices.

In such context, market players and observers both home and abroad have expressed deep concerns for China coal industry in 2017. Our annual report series (for coking/thermal coal) will address these concerns by guiding readers to review developments of China coal market in 2016 and look ahead into the coming year. This report will be presented in form of PPT.

INTRODUCTION

Part 1: 2016 China Thermal Coal Market Review

1 Macro-economic
Background

1.1 GDP
growth geared down, energy structure took on a new look

1.2 Less
energy use for GDP growth and also decreasing fossil energy consumption
proportion

6.2 Price
changes at major production areas, transfer ports and destinations

6.3 Domestic
and imported coal price gap

6.4 CCI
price index variation trend

Part 2: 2017 China
Thermal Coal Market Outlook

7 Thermal CoalDemand
to Remain Flat or Rise Slightly

7.1 GDP
to maintain “L” - shape growth and rise by about 6.5%

7.2 Demand
from thermal power generation to remain flat or increase slightly - rapid
development of renewable and clean energy continues to weigh on thermal power with
lower generating hours and unit coal burn, despite of expanding installed
capacity

7.3 Demand
from iron & steel to edge down - crude steel output to fall slightly as
result of continuous elimination of outdated steel capacity and strict
environment protection requirements